Venezuela’s Is Doing Something It Hasn’t Done Since The 90s
Caracas is preparing the return of oil contracts with private companies that were last used in the 1990s before the Chavez era that made PDVSA the one and only operator Continue Reading
Venezuela’s Maduro travels to China in search of fresh funds
Venezuelan President Nicolas Maduro is traveling to China to discuss economic agreements, as the crisis-struck OPEC nation seeks to convince its key Asian financier to disburse fresh loans. “I am Continue Reading
U.S. crude stockpiles fall more than expected to below 400 mln bbls: EIA
U.S. crude oil inventories fell more than expected last week to below 400 million barrels, while gasoline and distillate inventories rose as refiners ramped up production, the Energy Information Administration Continue Reading
East Coast Gasoline Prices Are Surging Ahead Of Hurricane Florence
Gas prices on the U.S. East Coast are expected to surge this week ahead of and during Hurricane Florence’s landfall, as residents have started to evacuate from the Carolinas and Continue Reading
Alaska-producer deal extends Point Thomson development deadline
Highlights Expansion of condensate production beyond pilot not feasible Deadline stayed as long as LNG project progresses Anchorage, Alaska — Alaska has agreed to extend a key deadline in a Continue Reading
Analysis: US crude stocks drop amid strong runs, exports
Still-strong US Gulf Coast refinery runs and a sharp rebound in crude exports helped account for a 5.3 million barrel-decline in US commercial crude stocks, US Energy Information Administration data Continue Reading
Study Suggests Pipeline Delay Worries Among Permian Producers
Oil producers in the Permian appear to be worried that key pipeline projects to boost takeaway capacity from the region might not hit their 2019 targeted start-up dates. Oil producers Continue Reading
California Just Signed The World’s Most Aggressive Climate Bill
The bill that Governor Jerry Brown signed into law, SB 100, requires the state to reach 100 percent clean electricity in less than 30 years, with interim goals along the Continue Reading
Haynesville Shale Gas Production Is Bouncing Back
Natural gas production at the Haynesville formation in northwest Louisiana and East Texas has been steadily rising this year to reach its highest level since September 2012. Recovering natural gas Continue Reading
Bombardier Transportation presents a new battery-operated train
Bombardier Transportation has introduced a new battery-operated train: the BOMBARDIER TALENT 3 train. The new battery-operated train is the first of its kind to enter passenger operation in Europe in Continue Reading